LAFAUT GRONDPROJECTEN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
LAFAUT GRONDPROJECTEN
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20,776
2024 · €423,752-€444,528
Equity
€4.1m
2024 · €4.2m-€20,776
Cash
€16,285
2024 · €74,803-€58,518
Balance sheet total
€13.7m
2024 · €14.5m-€737,651
Largest movements
Assets
- Receivables within one year -€432,152
down €432,152 (-7.9%), from €5.5m to €5.0m
of which Other amounts receivable: -€433,078
- Stocks and contracts -€327,471
down €327,471 (-6.0%), from €5.4m to €5.1m
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-25.9%), from €4.5m to €3.4m
- Other debts +€440,905
up €440,905 (+16.1%), from €2.7m to €3.2m
- Trade debts +€148,217
up €148,217 (+27.4%), from €541,042 to €689,259
Income statement
- Gross operating margin -€826,090
down €826,090 (-60.3%), from €1.4m to €542,970
- Financial income +€537,535
up €537,535 (+966%), from €55,669 to €593,204
- Financial charges +€449,566
up €449,566 (+101%), from €446,492 to €896,059
- Taxes -€192,644
down €192,644 (-100%), from €192,644 to €0
- Other operating charges -€67,995
down €67,995 (-95.0%), from €71,561 to €3,566
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€423,752
Gross operating margin
-€826,090
Staff costs
+€36,670
Depreciation
-€3,717
Other operating charges
+€67,995
Financial income
+€537,535
Financial charges
-€449,566
Taxes
+€192,644
Result 2025
-€20,776
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€148,419
Financing
-€1.2m
Cash 2024
€74,803
From operations (derived)
+€1.3m
Net result for the year
-€20,776
Depreciation
+€84,804
Stocks and contracts
+€327,471
Receivables within one year
+€432,152
Deferred charges and accrued income
-€16,875
Trade debts
+€148,217
Tax, wage and social debts
-€9,636
Advances received
-€29,850
Other debts
+€440,905
Accrued charges and deferred income
-€79,261
Investment (derived)
-€148,419
Investment in fixed assets (net)
-€148,419
Financing
-€1.2m
Debts after one year
+€26,951
Current portion of long-term debt
-€34,916
Short-term financial debts
-€1.2m
Cash 2025
€16,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,486,472 | €13,748,821 | -€737,651 | -5.1% |
| Fixed assets | 21/28 | €3,062,036 | €3,125,651 | +€63,615 | +2.1% |
| Tangible fixed assets | 22/27 | €1,749,036 | €1,812,651 | +€63,615 | +3.6% |
| Land and buildings | 22 | €1,749,036 | €1,812,651 | +€63,615 | +3.6% |
| Financial fixed assets | 28 | €1,313,000 | €1,313,000 | = | 0.0% |
| Current assets | 29/58 | €11,424,436 | €10,623,170 | -€801,266 | -7.0% |
| Amounts receivable after more than one year | 29 | €281,250 | €281,250 | = | 0.0% |
| Other amounts receivable | 291 | €281,250 | €281,250 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,440,143 | €5,112,671 | -€327,471 | -6.0% |
| Stocks | 30/36 | €5,440,143 | €5,112,671 | -€327,471 | -6.0% |
| Amounts receivable within one year | 40/41 | €5,455,226 | €5,023,074 | -€432,152 | -7.9% |
| Trade receivables | 40 | €2,295,011 | €2,295,937 | +€926 | 0.0% |
| Other amounts receivable | 41 | €3,160,214 | €2,727,136 | -€433,078 | -13.7% |
| Cash at bank and in hand | 54/58 | €74,803 | €16,285 | -€58,518 | -78.2% |
| Deferred charges and accrued income | 490/1 | €173,015 | €189,890 | +€16,875 | +9.8% |
| Total equity and liabilities | 10/49 | €14,486,472 | €13,748,821 | -€737,651 | -5.1% |
| Equity | 10/15 | €4,160,892 | €4,140,116 | -€20,776 | -0.5% |
| Contributions | 10/11 | €350,600 | €350,600 | = | 0.0% |
| Capital | 10 | €350,600 | €350,600 | = | 0.0% |
| Issued capital | 100 | €350,600 | €350,600 | = | 0.0% |
| Reserves | 13 | €3,809,774 | €3,789,516 | -€20,258 | -0.5% |
| Non-distributable reserves | 130/1 | €35,060 | €35,060 | = | 0.0% |
| Legal reserve | 130 | €35,060 | €35,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €146,567 | -€63,933 | -30.4% |
| Distributable reserves | 133 | €3,564,214 | €3,607,889 | +€43,675 | +1.2% |
| Profit (loss) carried forward | 14 | €518 | €0 | -€518 | -100% |
| Amounts payable | 17/49 | €10,325,580 | €9,608,705 | -€716,875 | -6.9% |
| Amounts payable after more than one year | 17 | €2,150,117 | €2,177,069 | +€26,951 | +1.3% |
| Financial debts | 170/4 | €2,150,117 | €2,177,069 | +€26,951 | +1.3% |
| Amounts payable within one year | 42/48 | €8,096,201 | €7,431,637 | -€664,565 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €183,989 | €149,073 | -€34,916 | -19.0% |
| Financial debts | 43 | €4,544,575 | €3,365,290 | -€1.2m | -25.9% |
| Credit institutions | 430/8 | €4,544,575 | €3,365,290 | -€1.2m | -25.9% |
| Trade debts | 44 | €541,042 | €689,259 | +€148,217 | +27.4% |
| Suppliers | 440/4 | €541,042 | €689,259 | +€148,217 | +27.4% |
| Advances received on contracts in progress | 46 | €29,850 | €0 | -€29,850 | -100% |
| Taxes, remuneration and social security | 45 | €62,104 | €52,468 | -€9,636 | -15.5% |
| Taxes | 450/3 | €4,322 | €5,386 | +€1,064 | +24.6% |
| Remuneration and social security | 454/9 | €57,782 | €47,081 | -€10,700 | -18.5% |
| Other amounts payable | 47/48 | €2,734,641 | €3,175,547 | +€440,905 | +16.1% |
| Accrued charges and deferred income | 492/3 | €79,261 | €0 | -€79,261 | -100% |
| Remuneration, social security and pensions | 62 | €209,192 | €172,522 | -€36,670 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,087 | €84,804 | +€3,717 | +4.6% |
| Other operating charges | 640/8 | €71,561 | €3,566 | -€67,995 | -95.0% |
| Gross operating margin | 9900 | €1,369,059 | €542,970 | -€826,090 | -60.3% |
| Operating profit (loss) | 9901 | €1,007,219 | €282,078 | -€725,141 | -72.0% |
| Financial income | 75/76B | €55,669 | €593,204 | +€537,535 | +966% |
| Recurring financial income | 75 | €55,669 | €593,204 | +€537,535 | +966% |
| Financial charges | 65/66B | €446,492 | €896,059 | +€449,566 | +101% |
| Recurring financial charges | 65 | €446,492 | €896,059 | +€449,566 | +101% |
| Profit (loss) for the period before taxes | 9903 | €616,396 | -€20,776 | -€637,173 | |
| Income taxes | 67/77 | €192,644 | €0 | -€192,644 | -100% |
| Profit (loss) for the period | 9904 | €423,752 | -€20,776 | -€444,528 | |
| Transfer from tax-exempt reserves | 789 | - | €63,933 | +€63,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €423,752 | €43,157 | -€380,595 | -89.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.